With the run up over 178, I was able to sell all but 2 of my calls for this Friday at a small profit...whew, I really thought I was going to take a major loss. Can't figure TSLA out lately...when we think it will run, it turns bearish, but when i think bearish, it runs, go figure on these technicals???
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
As we approach the key $180, I am still waiting to sell any CC’s.. Always a chance that it could reject here and head back down and I will have missed my opportunity, but I don’t like the premiums for this week’s 190’s so will wait it out and see what happens later today and if there is a possibility for a strong close and a gap up tomorrow. If this was the local top, then that will become apparent by tomorrow, I think, and I will adjust my expectations for any meaningful premium income this week
STO a handful of:
-C190 6/28 @6.20
-C215 7/19 @3.70
More comfortable with the second than the first, but as you indicate looking for a retrace down before that date, or will just roll if needed.
I do... but see enough risk of $875 that I don't want to take on more exposure. I have 9 short puts already for this week which is more than my rule. I guess I could look at writing one -p850, but it is not really enough risk/reward.
dc_h
Active Member
It could be bad for the vote, or they may just want a solid majority. If they win with 51% of the vote, it is not a strong vote of confidence.
It is unfortunate they don't address the BOD and the package in a way to inspire more confidence that Elon won't break the piggy bank again.
ProfessorZoom
Member
M=Mid-Price, cannot tell if buy or sell
"Also, for trades that execute at the mid-price (M), we can not predict because we do not know whether this order was a purchase or sale."
What is the Bid-Ask Spread? | Quant Data Help Center
Understanding the Bid-Ask spread and how it can be used to tell whether order flow is bullish or bearish.
But easy to spray down and wash off the vomit at an SC charging/wash repair center. Probably would be one of those lovely synthetic polymers with nano-technology to avoid bacterial penetration and facilitate easy clean up even after possibly hours before attention.
On 2/20/2024 I bought a 185 Call EXP 6/21/2024 for $25.13 as a test to see how I would fair with an extra CC that I do not have the shares to cover. Over the 13 weeks before the sale I was able to sell one extra call at a strike that was closer to ATM then I usually sell at. There was some weeks around earnings that I skip selling calls. These were the premiums I got: .59, 1.38, 1.9, 1.96, .86, 1.06, 1.85, .79, 1.08, 2.84 total of 14.31. On 5/14 I sold the call for 6.41 with a loss of 4.41 (including all the extra premiums collected).
During that time the SP went from ~192 to ~202 to ~142 and finally ~178 at STC date. Looking back, it was really bad timing to buy a call but there was a good week to sell the call at a great profit too. I think I would be more encouraged to try again if I bought the call when the share price was about ~$10 less. All in all I have learn a good amount how prices affect calls and my +/- emotions. The biggest take away was worrying about expiration date looming with share price far away from ITM prior to earnings. Had earnings reaction been negative I probably would have another $400-500 loss. I may try again if we have another big dip.
During that time the SP went from ~192 to ~202 to ~142 and finally ~178 at STC date. Looking back, it was really bad timing to buy a call but there was a good week to sell the call at a great profit too. I think I would be more encouraged to try again if I bought the call when the share price was about ~$10 less. All in all I have learn a good amount how prices affect calls and my +/- emotions. The biggest take away was worrying about expiration date looming with share price far away from ITM prior to earnings. Had earnings reaction been negative I probably would have another $400-500 loss. I may try again if we have another big dip.
Not much help from MM over 180:
Spot GEX Bars:
GEX bars are not predictive of targets, but of dealer support fueling momentum as trading moves toward them
Green bars above spot= Fuels bullish momentum, the larger the bar the stronger the effect
Red bars below spot= Fuels bearish momentum, the larger the bar the stronger the effect
Green bars below spot= Support/pinning
Red bars above spot= Resistance/pinning
Small/no Gamma bars=illiquid zone/prices can move faster inside them
Spot GEX Bars:
GEX bars are not predictive of targets, but of dealer support fueling momentum as trading moves toward them
Green bars above spot= Fuels bullish momentum, the larger the bar the stronger the effect
Red bars below spot= Fuels bearish momentum, the larger the bar the stronger the effect
Green bars below spot= Support/pinning
Red bars above spot= Resistance/pinning
Small/no Gamma bars=illiquid zone/prices can move faster inside them
thenewguy1979
"The" Dog
[/QUOTE]
Just need one of those toilet built into the seat that can wash itself. Bam - forget about the Moon we aiming for Mar…..
Just need one of those toilet built into the seat that can wash itself. Bam - forget about the Moon we aiming for Mar…..
At this point in the day any value in selling CC’s will likely have to wait until tomorrow.. if TSLA stays strong in the afternoon, it will portend a good overnight and morning tomorrow, so that is where the best opportunity will be for this week, if at all
thenewguy1979
"The" Dog
thenewguy1979
"The" Dog
What the news guy?
"leaked" RT pics? or FSD licensee etc....or just MM squeezing the Bears?
If NVDA breakout from ER that can easily help the Market as a whole maintain upward Euphoria.
"leaked" RT pics? or FSD licensee etc....or just MM squeezing the Bears?
If NVDA breakout from ER that can easily help the Market as a whole maintain upward Euphoria.
Might cut my losses on some CCs sold this morning. Not interested in rolling at these levels.
the "news" i see is the expansion of pepsi semi fleet - but that's not new "news" could be just algo's reacting
It's interesting that we aren't seeing any real news to explain the price movement. Decent volume spike with it too. Maybe just a large fund deciding to grow their stake
thenewguy1979
"The" Dog
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